The Market Chronicle - A Stock Market and Macro Trends Commentary

Empowering investors to stay one step ahead of the market.

Markets today are more complex than ever. The constant groupthink that fails to go beyond the headlines makes it even more challenging. This can lead to dangerous situations fueled by a “sky’s the limit” mindset—rose-colored glasses creating a land of rainbows and unicorns. Case in point: the overly bullish views repeatedly echoed across various media venues. Meanwhile, warning signs of a sizeable deleveraging event began to appear at the end of 2024, with credit spreads at historically low levels, equity financing costs soaring, and margin leverage matching levels seen in 2021. Even fundamentals like earnings and margin estimates seemed off course.

I prefer a more common-sense approach to investing—reading the full news report, not just the headlines, digging below the surface to understand what’s genuinely driving the market, and assessing the risks to make better-informed decisions and manage them effectively.

What is The Market Chronicle?

The Market Chronicle is where I identify macro trends likely to influence the stock market: I utilize economic data and macroeconomic forces to forecast the potential directions of interest rates, the value of the dollar, and the movements of commodity markets, along with their possible impacts on stocks.

The relationships between these variables are more crucial than ever when making short and long-term trading or investment decisions. The Market Chronicle is where I share my understanding of these interactions and teach my community how to use that understanding to inform investment decisions on both time horizons. I also provide systematic and options-related materials that offer further insight into market dynamics. 

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